Monday, 24 November 2008

Kingfisher, AI to lower fares

New Delhi, Nov. 24 Domestic flying will become cheaper in the next few days. On Monday night, Kingfisher Airlines announced that it will lower fares.

In a statement, the airline said it will immediately reduce fares across the board as soon as ‘declared goods’ classification is approved for aviation turbine fuel.

Meanwhile, official sources indicated that Air India also is to reduce fares from December 1. In the case of Air India the reduction might be as much as 12 per cent; the exact quantum was being worked out, official sources said.

Currently, ATF accounts for 45-50 per cent of the operating cost of most domestic airlines.

Source: TheHinduBusinessLine

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